Solana Fees
The total transaction fee on Solana is calculated by combining two main parts:
- Base Fee: This is a fixed amount paid per signature required in your transaction. Currently, it's set at a very low rate (around $0.000005) and doesn't change based on transaction complexity.
- Priority Fee (Priority Budget): This fee is used to speed up your transaction processing. It's not mandatory, but can be helpful during network congestion.
Calculating the Fees:
- The base fee is simply the number of signatures in your transaction multiplied by the current
lamports_per_signature
rate. - The priority fee is calculated by multiplying the compute unit limit you set by the compute unit price you specified (measured in lamports).
Updated 3 months ago